Century Bancorp, Inc. (NASDAQ:CNBKA) Major Shareholder James J. Filler Acquires 1,931 Shares
Century Bancorp, Inc. (NASDAQ:CNBKA) major shareholder James J. Filler purchased 1,931 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average cost of $80.99 per share, with a total value of $156,391.69. Following the acquisition, the insider now owns 716,510 shares of the company’s stock, valued at $58,030,144.90. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Century Bancorp stock traded up $1.32 during midday trading on Friday, reaching $81.50. The company had a trading volume of 12,800 shares, compared to its average volume of 8,783. The company has a current ratio of 0.59, a quick ratio of 0.58 and a debt-to-equity ratio of 1.53. The company has a market capitalization of $448.26 million, a price-to-earnings ratio of 11.69 and a beta of 0.84. The stock has a fifty day simple moving average of $84.90 and a 200 day simple moving average of $83.57. Century Bancorp, Inc. has a 1-year low of $65.15 and a 1-year high of $95.70.
Century Bancorp (NASDAQ:CNBKA) last issued its quarterly earnings results on Tuesday, July 9th. The bank reported $1.70 earnings per share for the quarter. The business had revenue of $28.25 million during the quarter. Century Bancorp had a net margin of 22.75% and a return on equity of 12.63%.
A number of analysts recently weighed in on the stock. ValuEngine lowered shares of Century Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub raised shares of Century Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, August 1st.
Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in Century Bancorp by 17.9% in the second quarter. BlackRock Inc. now owns 173,280 shares of the bank’s stock valued at $15,232,000 after acquiring an additional 26,342 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Century Bancorp by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 171,330 shares of the bank’s stock valued at $11,604,000 after acquiring an additional 4,364 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Century Bancorp by 6.8% in the second quarter. Renaissance Technologies LLC now owns 131,001 shares of the bank’s stock valued at $11,515,000 after acquiring an additional 8,301 shares during the last quarter. Clean Yield Group boosted its stake in Century Bancorp by 1.2% in the first quarter. Clean Yield Group now owns 113,193 shares of the bank’s stock valued at $8,263,000 after acquiring an additional 1,319 shares during the last quarter. Finally, Heartland Advisors Inc. boosted its stake in Century Bancorp by 0.4% in the second quarter. Heartland Advisors Inc. now owns 81,220 shares of the bank’s stock valued at $7,139,000 after acquiring an additional 320 shares during the last quarter. 34.01% of the stock is owned by institutional investors and hedge funds.
About Century Bancorp
Century Bancorp, Inc operates as a bank holding company for Century Bank and Trust Company that provides banking products and services. The company accepts savings accounts, NOW accounts, demand deposits, time deposits, and money market accounts, as well as cash management accounts. It offers single-family and multi-family residential loans, municipal loans, commercial and residential real estate loans, and various consumer loans, as well as provides loans for the construction of residential homes, multi-family properties, commercial real estate properties, and land development.
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